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20121128
20121206
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Search Results 0 to 24 of about 25 (some duplicates have been removed)
to help them deal with the effects of climate change. in the coming days, it will be up to environment ministers to thrash out these and other points. >> certain points can only be resolved by the ministers themselves. providing financial support to poorer countries, for example. how much are we willing to do by 2020 to protect the environment? >> scientists say climate change is happening much faster than previously thought. the evidence, such as spermatic pmelting of -- the dramatic melting of sea ice, is mounting. >> the eu is at its strongest when we had all 27 countries on board, supporting the same goal. we need to keep at it. >> officials are now making the final preparations before the ministerial-level talks begin. critics say too much time has been wasted. now the pressure is on for leaders to take a more cooperative approach. in a prince william and his wife, the duchess of cambridge, are expecting a baby. that is, better known as kate middleton. pimm she was admitted to hospital with acute morning sickness -- and she was admitted to hospital with a cute morning sickness. th
profits out of this rescue package if the politics are able to stabilize the political environment. this also helps the financial community. >> and a quick look at the market numbers now -- the dax closed 0.5% up. euro stoxx 50 closing just slightly up. across the atlantic, the dow jones is currently going down, and the euro is trading at $ 1.2933. the world's biggest economy is bracing itself for an economic nightmare. unless u.s. lawmakers reach a budget deal in january 1, a raft of temporary tax cuts are due to expire, and spending cuts will take effect. >> that means the u.s. is charging full speed at the fiscal cliff. the dramatic fiscal tightening triggered by this press this could tip the u.s. and possibly the whole global economy into recession. here is more. >> precision craftsmanship, made in the usa the marlon still company in baltimore produces wire baskets for the automobile, defense, and medical industries. it is one of the fastest-growing companies in the u.s. the company president wants to keep it that way, but at the moment, he is holding off on further investments
by the environment minister. >> and it should clear the way for talks on a final storage site for germany's nuclear waste. politicians hope to reach across party consensus before the next elections. >> plans to exploit the potential for a permanent nuclear waste storage facility have been put on hold until after the lower saxony state elections in january. politicians hope the delay will aid the search for a storage solution all parties support. >> there will be no more exploration of the site until after the election. my goal is to discontinue the work there for good. instead, we should come up with plans for a nationwide storage facility which all the parties can agree on. >> he hopes to push through legislation before next easter that would fund an open-ended search for a new storage facility. opposition parties previously called for talks to be postponed. now they are expressing willingness to cooperate. >> we are looking for a solution, and this is the sensible thing to do rather than turning it into a political campaign issue. we also need to be wary of false information. but if the talks fai
legalized by a number of regions. even the spanish environment ministry is backing the move, hoping to see a rise in takings in national parks as a result of people buying hunting permits, but animal rights activists are far from happy, calling the horseback hunting savage. >> this is a story from spain about wild boars and a controversial method of hunting them. but it is also a story about a country in crisis and how one is sacrificed for the good of the other. this is a member of the old gentry. hunting has been in his family's blood for generations. he is helping revive the tradition of hunting wild boar on horseback with spears. the sport, known as pigsticking, was long banned, but he has legalize it again. as chairman of the pigsticking international club, he wants to use the hunt as a way to draw tourists to the region. hunters pay at least 5000 euros per team to take part, money the locals could really use, so he prays to god to save spain and give people jobs. >> in our region, this really could be a way out of the crisis. we hope to get customers from abroad interested in the hun
, signs that drove him to do more to help the environment. >> giving the blessings to the people and healing that is not enough. i have to do more. the whole world is suffering from this climate crisis. >> he always carries holy water with him. he says it has stress-relieving properties, and that could be needed here. negotiators have come from all over the world. u.n. secretary general ban ki- moon is also here to push the talks forward. delegates were shown a bleak video portraying the terrible effects of climate change. few expect any breakthroughs here. instead, environmental groups put on a sarcastic performance, handing an award to the biggest contributors per-capita to climate change, new zealand, canada, and the u.s. 1 lebanese activist is one of the demonstrators. in his home country, climate protection is a side issue. conflict in the middle east and the civil war in syria take up the headlines. he wants to change that. >> if we take down a dictatorship to establish a democracy and i do not have a plan to live on, what shall i do with democracy? -- have a planet to live
, that's a target-rich environment is what we refer to california. they raise taxes again. they sent the message that the unions are going to continue to control the process out there. they defeated proposition 32. they passed proposition 30 which was the increase in their taxes. so, california businessmen and women are looking at their bottom line saying, where are we going to go? other places? >> governor, is it too much of a leap to say when we do this at the federal level they leave the country, bilss can eventually leave the country. >> sure. >> but we can't seem to make the leap to say that. and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by say
, the ryan airs, who continue to take market share and operate in a more difficult economic environment much more so than the flag carriers. however starting to look at the flag carriers again, in particular lufthansa. the iberian side of it will drag earnings down for quite a long time. air france still has significant employment issues. and if you're looking for a relatively undervalued, company which is taking itself and do significant cost cutting which i think it will bring through, you have conglomerate discounted lufthansa. it makes it a more interesting stock. >> at a time when europe doesn't have a lot of demand strength, if we're talking about reducing capacity, that means higher ticket prices and perhaps germany being one place where businesses can afford to pay up. >> i think that it's an element of probably relatively small part of overall. these are global businesses. they need to have global growth. but that is an interesting point for next year. >>'s most important for global demand then? >> with airlines it's about oil prices, in terms of capacity and reduced capacity. and i
. at least we see a deterioration in either the global environment or at least we see domestic growth really fall off from here. as the rba made the point and one that we agree with is that there's still time for these rate cuts which we've had delivered to pass through to the economy itself. we know monetary policy takes between one and two years to have an effect. >> what if on the contrary we get better growth out of china and we see commodity prices go up again and now when we've already had all these rate cuts, is there a risk then to inflation for the country? >> i think there is. that was one thing that the rba pointed to in the november statement, then worried that underlying inflation had ticked up towards the middle of the 2% to 3% target. i think from here, if we do get a scenario like that where the u.s. fiscal issues are resolved, i think the statement the rb after the has given us today probably puts them in a good position to be able to move policy higher if they have to next year in response to higher inflation. >> so what happens to the aussie dollar now? >> well, as i said,
of taxes going up. how much power does grover norquist wheel in this environment? >> he wheeled power. the invincibility of grover norquist is overblown by us in the media. this tax pledge isn't with grover norquist as it is with taxpayers in the state that whoeted for the conservatives who signed the pledge. i think it's foolish to think there isn't going to be a deal cut. we don't know what the deal will be. it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wr
remember to put money to work. in an environment where not people put money to work and people aren't doing anything, you get an influx of retail money. you have to commit that money to your retirement and to your kids. >> interesting. >> it's a big difference. >> btig has a note on seasonality regarding the end of the year and even december '08 was positive. how resilient the month of december is. >> funny you mention that. that was such a false tell. we thought maybe things had bottomed and then just off a cliff, not fiscal but stock right after that. it's a great note. >> meantime, as we await the opening bell this morning, we'll look at the s&p 500 at the realtime exchange on the top of your screen. big board here. >> there's the bell over at the nasdaq today, sears holdings and st. jude's children's research hospital celebrating the st. jude thanks and giving campaign. lead story involves delta and talks they say to acquire from singapore some stakes in virgin atlanta. >> we'll see what happens. they have been active. the one people are more focused on is american airlines in bankruptc
to compete or any company to compete in that kind of environment, you end up harming our domestic production. and one of the reasons we are so elated that our automotive industry is recovering and you see it all over our region, the power of industry to lift people into the middle class and beyond, you can see it everywhere. in suppliers, in restaurants, in theaters, in places where people are going now. even grocery stores, frankly, where people are able to buy more because of the recovery of this powerful, powerful industry and i just want to end with one image which is really hard at that capture in words, but one of our companies in cleveland has the only 50,000-ton press in the united states of america. alcoa. it is seven stories in magnitude. it is hard for the -- i feel very privileged as a representative to have been invited into the company to see this literally mammoth magnificent machine. be able to take part and form them for industry as well as our defense systems. and it's seven stories high. three layers on three stories at the bottom, just dealing with the hydraulics. the eng
feel good, or do you gain ground in a competitive environment against china? >> we absolutely gain ground. i want to see, we have real strengths in america. with strengths in the things all the other countries die for. hire education, entrepreneurial climate, a lot of science and technology, enormous dynamism in this country and a lot of strengths. but what we've done is we allowed a bunch of unnecessary costs of doing business to grow up and creep up. by in action basically. at the same time as all these other countries, and, of course, i work around the world on this topic, all the other countries have whole task forces of national leaders that work every day to drive down the cost of doing business and make the infrastructure better and make better airports and make better data communications, and make it simpler to do business. so what's happened is we've taken for granted, we have these great strengths can look at us, we're wonderful. we've not been able to make progress. we're not talking about hard stuff. talking about keeping our infrastructure modern. we are talking about
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's very lush. it's very fertile. the lakes are beautiful. the environment is clean. it's blessed with mineral riches, gold, timber, copper. diamonds, just about everything. that's part of the reason why we're seeing this fight. the u.s. government has tried to get their hands around this by passing this resource conflict legislation that tries to get their arms around better regulating the minerals that come out of congo. that hasn't really worked. it's not purely a mineral issue. it's a lot of power and control and politics. that's why this is so complicated and keeps going on. >> jeff get he willman, thank you. up next, the author of the black swan. he joins me. he has a new book out. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ ♪ [ male announcer ] everyone deserv
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where and tear on the vehicle land with a warm winter without snow and tough environment during the winter season people in need as many parts throughout this summer and the months following the winter season so as a result youths are seeing stock down 3% but had boys came out with some numbers and you're seeing these autoparts sailors under pressure. advance auto parts has been under pressure as well. those are the names we are watching. your customers, less demand for the parts. liz: thank you very much. $1 billion trade was par for the course from a next guest. for five years he was head, $10 billion pension fund named no. one in pension funds in 2010 and now he has made a move backed the private sector co founding his own company but only investing in a single state. so confident in his state he called the bid germany or china of the u.s.. he is the founding partner, steven leblanc. i find your situation so fascinating, you killed in the pension fund world and now it is like you switched sides because people use to come and sell you on their ideas so you would invest in them
and the same environment we are, speak the same language, these are choices and choices about how we run markets. the distribution of marketing, there is a lot you can do, it is choice about what you do after words as well, providing universal health coverage or provide decent support or an educational system that is well funded for everybody, not just people in the right neighborhoods. >> and the tax system is obviously important, not only for inequality opportunity, but also growth. so for instance if you have a tax system like ours where speculators are taxed at a different rate than if people who work for a living or from any into a bank account in the cayman islands rather than peak united states, you have extended the rules not only to give lower taxes, tax rates to those who avail themselves of these, but distorts the economy and you wind up with more speculation. the money isn't in the cayman islands because it grows better in the sunshine. lack of sunshine, is the reason people keep their money there. >> i had a conversation with someone from the financial industry trying to mak
're in foreign environments. i was in abu dhabi. i get sick of the food. i went to a potpies. it was so nice to have comfort food.
left, let's talk about the current environment. what are you hearing from a lot of the senior executives that are asking for your advice or if you're in a board room or chatting with them especially in terms of the fiscal cliff and concern about making big decisions or lack thereof and not putting money at it. >> the interesting part is talk about the fiscal cliff is the talk about the talk about the fiscal cliff. i don't think people are as concerned as the level of chatter that goes around. i think the chatter is more than the concern. the fiscal cliff just happens to be a preset deal on a scale of one to ten. it's a deal that is possible as outcome. i think what the country should hope for is that we come up with a better deal. business wants the rules. i understand why business is very much do a deal. do a something. because a business then can make their plans around that. if a marginal tax rate goes up too high here, they'll put a plant somewhere else. you can make those decisions. they want to know the rules. >> know the rules of the road. >> there's an america out ther
environments, a whole host of reforms that need to be undertaken. i think the government is starting to make moves in this direction, which is good. but these reforms have been taking a long time to take hold. and we're not going to see an immediate difference. >> how much does brazil suffer if the fact that argentina is itself suffering so much? is there a lack of potential opportunity maybe in the export markets for some of its neighbors that is part of the issue? >> there's part of the issue. ironically, i think argentina suffers more from the fact that brazil has been basically flat lining the past 12 months and that's exacerbated problems in argentina's own growth model. brazil is not so particular an open economy. it only exports around 15% of gdp. so it's not a very open economy. and actually, a lot of these problems are more domestic than they are external. >> that's a fascinating point. i want to come back to you in a second. in egypt, tens of thousands have taken to the streets of cairo last night to protest against the decree by the egyptian president mohamed morsi that grants him
. they could greatly benefit first maintaining a growth friendly business environment, and they could greatly benefit from reinventing their production structure, upgrading quality, and redistricting their exports towards strongly growing markets. innovation is crucial in this respect. this means for a start that where profit margins are restored, they should serve to fund research and development to higher extent. but innovation potential is not always translated into actual marketable employment creating and growth sustaining innovation. what is key in translating potential is the regime of economic incentives. and it is indeed this system of economic incentives that the current waiver of structural reforms in the euro area is addressing. central challenge is to set conditions so that the skills of the labor force especially of our young people can be profitably employed in competitive firms or in the new enterprises that will go on to set up. in this vain, removing rigidity clearly races the potential for growth and job creation. and this of course, the resumption of growth, is fundamental
'll get. >> you know what, i think the environment, as you look out to next year, is really difficult, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i th
environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone touchdown after mark sanchez was benched with tim tebo
Search Results 0 to 24 of about 25 (some duplicates have been removed)